Gekkowolf,at the moment all the hysteria about Ancourage buying Citi banks debt is a non event.can you imagine the public backlash towards NAB and WESTPAC from the general public and most importantly the clients,if slaters is comfortably paying the interest on the loans and paying down a slice of debt.and secondly the law institute would not even allow such a scenario to happen.a law firm being owned by private equity...Ancourage bought the debt at 38 cents in the dollar for the same reason us shareholders bought shares and that's to make money,fortunately for them they got theirs a lot cheaper than we did.
SGH Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
